Brief: MRG Metals Signs Binding Joint Venture Agreement

MRG Metals

13/06/2024 02:28

June 13 (Reuters) - MRG Metals Ltd  MRQ.AX :
    * SIGNS BINDING JOINT VENTURE AGREEMENT TO DEVELOP
MOZAMBIQUE
HEAVY MINERAL SANDS PROJECTS
    * SHALL RETAIN EQUITY OF 30% OF JV COMPANY(S) THROUGH MINE
START-UP AT 110,000 TONNES OF ANNUAL CONCENTRATE PRODUCTION
    * ENTERED INTO BINDING JV AGREEMENT WITH SINOWIN LITHIUM
(HK) AND
SINOWIN LITHIUM COBALT(SHENZHEN)
    * FOR JV SLC WILL PROVIDE IMMEDIATE INITIAL INVESTMENT OF $3
MILLION AND ONCE SPENT, ADDITIONAL $3 MILLION TO PROGRESS MINE
APPROVALS


Further company coverage:  MRQ.AX 

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